IREN Limited (NASDAQ:IREN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of IREN Limited (NASDAQ:IREN) have earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $69.3571.

A number of equities research analysts recently issued reports on IREN shares. JMP Securities set a $80.00 price target on shares of IREN in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of IREN from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Compass Point restated a “buy” rating and set a $105.00 price target on shares of IREN in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of IREN in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price objective on IREN from $28.00 to $39.00 and gave the stock an “underweight” rating in a research note on Monday, November 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of IREN during the 3rd quarter worth approximately $1,854,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of IREN in the second quarter valued at approximately $6,877,000. Wealth Enhancement Advisory Services LLC lifted its position in IREN by 88.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,230 shares of the company’s stock worth $5,408,000 after buying an additional 53,982 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in IREN during the third quarter worth $2,995,000. Finally, X Square Capital LLC boosted its stake in IREN by 129.9% during the second quarter. X Square Capital LLC now owns 435,951 shares of the company’s stock worth $6,352,000 after buying an additional 246,333 shares during the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

IREN Price Performance

NASDAQ:IREN opened at $44.94 on Thursday. The stock has a market capitalization of $12.74 billion, a PE ratio of 23.16 and a beta of 4.27. IREN has a 52 week low of $5.13 and a 52 week high of $76.87. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $46.78 and its 200-day moving average price is $42.27.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). The business had revenue of $240.30 million for the quarter, compared to analysts’ expectations of $244.60 million. IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The company’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, equities analysts expect that IREN will post 0.43 EPS for the current fiscal year.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Broad partnership/AI narrative: Coverage suggests a Microsoft-related deal or AI partnership could materially accelerate IREN’s cloud/AI ambitions and revenue mix, fueling upside expectations. Iren Stock Could Explode After This Microsoft Deal
• Positive Sentiment: Strategic repositioning: Reports highlight IREN’s shift from bitcoin-mining roots toward an AI/cloud growth story, which could increase addressable market and valuation multiples if execution continues. IREN Recasts Bitcoin Mining Roots Into AI Cloud Growth Story
• Positive Sentiment: Undervalued AI transition thesis: Analysis argues the market hasn’t fully priced IREN’s AI transition, implying further upside if adoption/scale materializes. IREN: Why The AI Transition Still Isn’t Fully Priced In
• Positive Sentiment: Short-term positive momentum: Shares had been rising into the company’s fiscal earnings event, suggesting some investors were positioning for a beat or positive guidance. IREN (IREN) shares jump ahead of upcoming fiscal earnings release
• Neutral Sentiment: Scheduled earnings event: The company announced a quarterly earnings release date that created headline risk and heightened short-term volatility around guidance and metrics. IREN (IREN) to Release Quarterly Earnings on Thursday
• Neutral Sentiment: Valuation discussion: Coverage assessing IREN’s valuation after recent mixed results offers both upside scenarios (AI/cloud) and downside risks, leaving near-term direction dependent on upcoming financials and execution. Assessing IREN (IREN) Valuation After Strong Earnings And Volatile Share Price Performance
• Negative Sentiment: Recent earnings miss and metrics: The company previously missed EPS expectations and reported mixed revenue/margin figures, which underpins today’s selling pressure and explains elevated volatility despite growth commentary. (Background earnings release and figures referenced in market reports.)

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.